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10 Questions to Ask Your Lender Radford,
VA real estate, New River Valley Real Estate, Blacksburg Virginia Real Estate Be
sure you find a loan that fits your needs with these comprehensive
questions.
- What are the most popular
mortgage loans you make? Why?
- Which type of mortgage
plan do you think would best for us? Why?
- Are your rates, terms,
fees, and closing costs negotiable?
- Will I have to buy private
mortgage insurance? If so how much will it cost and how
long will it be required? NOTE: Private mortgage insurance
is usually required if you make less than a 20-percent
downpayment, but most lenders will let you discontinue
the policy when you’ve acquired a certain amount
of equity by paying down the loan.
- Who will service the
loan? Your bank or another company?
- What escrow requirements
do you have?
- How long is your loan
lock-in period (the time that the quoted interest rate
will be honored)? Will I be able to obtain a lower rate
if they drop during this period?
- How long will the loan
approval process take?
- How long will it take
to close the loan?
- Are there any charges
or penalties for prepaying the loan?
Barbara Prillaman has been
assisting buyers and sellers in: Radford VA Real Estate, Blacksburg VA real estate,
Claytor Lake Real Estate, and New River Valley Real Estate for the past 20 years.
Please indicate how this experienced realtor might be of
assistance to you.
Contact
Barbara if you have questions about:
Barbara Prillaman,
ABR, CRS, GRI Associate Broker
Email:
Click
to email Barbara
Phone: 1.540.320.3861
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